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In the papers - Wednesday, 20 February 2008

Renewable Energy Generation, which is developing wind farms in the UK and Canada, reduced its interim pre-tax loss as its UK wind operations moved into the black...

... The company bought the wind farm at Cornwall's Goonhilly Downs when it floated on Aim three years ago. Last year it opened three more in County Durham, Cumbria and Gwynedd, and last month another in Cornwall. The UK wind farms generated revenues of £1.22m in the six months to December 31, and earnings before interest, tax, depreciation and amortisation of £148,000. Total revenues for the half were £1.24m, up from £502,000, and the pre-tax loss fell from £1.2m to £684,000 - The Financial Times

The luxury car maker Porsche is likely to take the mayor of London, Ken Livingstone, to court over plans to charge drivers of the most polluting vehicles £25 each time they enter the capital. The German sports car specialist said yesterday that the proposed rise, which will come into force in October, is "unfair and disproportionate" - The Guardian

An £800m drive to reduce the number of university dropouts had had almost no effect, according to a report from a committee of MPs. The proportion of students who fail to complete their degree has remained at 22% for five years, it reveals - TheGuardian

Energy minister Malcolm Wicks said yesterday the government would look at ways of boosting the share of Britain's electricity from microgeneration. The government is planning to launch a consultation early this summer on a new strategy in its drive to meet the European Union's 2020 renewable-energy target - The Guardian

West Midlands drivers on the M42 will be the first in the country to be warned about traffic conditions and dangers ahead via digital picture messages on overhead signs – The Times

Porsche is to mount a legal challenge to Ken Livingstone's £25 daily charge for the most fuel-hungry cars despite failing to persuade any other car manufacturer to support its case – The Times

Thousands of borrowers on 125% mortgage deals will be forced to pay hundreds of pounds more in monthly repayment bills after most of the lenders offering these loans withdrew from the market yesterday – The Times

Inflation in China has surged to 6.1%, an 11-year high and it is likely to rise further as damage to crops from devastating winter storms is felt, figures released yesterday revealed – The Times

A consortium featuring investment firm Babcock & Brown has emerged as the front-runner in the £3.5bn bid battle for Angel Trains, the rolling stock leasing company pit up for sale by Royal Bank of Scotland - Daily Telegraph

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